Post election, in December of 2016, the Internal Revenue Service (IRS) began to issue out notices to employers who may have failed to comply with the ACA. These notices appear …
ACA Compliance
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Affordable Care ActHealth Care Reform
The Affordable Care Act Repeal And Replace: Acknowledgement of Delay By President Trump
by Robert Sheenby Robert SheenIt was early last month when House Speaker Paul Ryan suggested that an ACA repeal would be far from immediate, as the transitional period in and of itself could take …
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ACA ComplianceReporting
ACA Reporting And The IRS: What To Know About The Letter You Received
by Robert Sheenby Robert SheenAt the close of 2016, the IRS letters mailed notices to employers, signaling the start of the IRS’s Affordable Care Act (ACA) audit process. Despite much talk of an ACA …
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ACA ComplianceIRS
Understanding Anti-Discrimination: The IRS Issues Final Rule
by Robert Sheenby Robert SheenIn the final rule from the Department of Health and Human Services (HHS) on Section 1557 of the Affordable Care Act, which prohibits discrimination on the basis of race, color, …
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ACA ComplianceAffordable Care ActHealth Care Coverage
Trump’s Executive Order on the ACA and Future Compliance Obligations
by Robert Sheenby Robert SheenOn his first day in office, Trump signed one of his first executive orders, entitled “Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal.” The …
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ACA ComplianceAffordable Care ActReporting
The Reality Of ACA Penalties Post-Repeal
by Robert Sheenby Robert SheenAs Donald J. Trump officially takes his seat as the 45th President of the United States, we inch closer to the reality of an Affordable Care Act repeal. While the …
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ACA ComplianceReporting
Some ACA Compliance Still Required By Employers Despite Possible Repeal
by Robert Sheenby Robert SheenAs conflicting opinions of an ACA Repeal continue to loom overhead, from the Republican viewpoint, a repeal seems inevitable. However, this does not translate to an elimination of ACA compliance …
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ACA ComplianceHealth Care Coverage
Understanding ACA Compliance And Utilizing Staffing Firms
by Robert Sheenby Robert SheenBy now it should come as no surprise that maintaining ACA compliance is a confusing and at times difficult task. We know the basics: Applicable Large Employers (ALEs) with 50 …
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ACA ComplianceReporting
The IRS ACA Audit Has Begun: What To Do To Avoid Penalties
by Robert Sheenby Robert SheenA round of IRS letters have been mailed out to employers, signifying the start of the IRS’s Affordable Care Act audit process. As the Congressional Budget Office (CBO) anticipates nine …
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ACA Compliance
Regardless of Election & Rhetoric, Employers Are Still on the Hook for 2016 ACA Reporting
by Robert Sheenby Robert SheenIt remains unclear whether Trump and the Republican-majority Congress will repeal and replace the ACA. Shortly after loudly pledging that he will repeal and replace the ACA, just three days …
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ACA ComplianceEqual Employment Opportunity Commission (EEOC)
What Will Happen Next With The Gig Economy?
by Robert Sheenby Robert SheenIndependent contractors have gone from side help for employers to the backbone of many companies. The “gig” economy as it’s now called, includes any of said contractors who work within …
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ACA CompliancePenaltiesReporting
ACA’s 2016 Penalties Are Estimated to Near $31 Billion
by Robert Sheenby Robert SheenOver the course of 2016, the ACA Times has reported on ways for employers to comply with mandates of the Affordable Care Act in an effort to avoid paying large …
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ACA ComplianceOccupational Safety and Health Administration (OSHA)Regulations
ACA Retaliation Claims: The Final Verdict Comes From OSHA
by Robert Sheenby Robert SheenUnder the Affordable Care Act, employees unable to afford the minimum essential coverage from employers are possibly eligible for Premium Tax Credits from the Health Insurance Marketplace to assist in …
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2016 Presidential ElectionACA ComplianceReporting
With Trump Election Employers Still on Hook for 2016 ACA Reporting
by Robert Sheenby Robert SheenWith the stunning election of Donald Trump as President comes a serious question of what happens to the Employer Mandate under the Affordable Care Act (ACA), also known as “Obamacare.” …
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ACA ComplianceForm 1094-CForm 1095-C
New Instructions For Forms 1094-C and 1095-C: An Infographic
by Robert Sheenby Robert SheenAs the IRS released the final forms for 2016 Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) and 2016 Form 1095-C (Employer-Provided Health Insurance Offer and …
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ACA CompliancePenalties
ACA Employer Mandate Penalties Over The Next Ten Years Projects Billions
by Robert Sheenby Robert SheenACA, compliance is serious business. Failure to comply with the requirements and deadlines set forth by the Affordable Care Act can lead to big penalties. These penalties are so big, …
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Affordable Care ActForm 5500
Form 5500 Gets A Makeover: Find Out What Has Changed
by Robert Sheenby Robert SheenForm 5500 is getting a makeover. The forms are under the Employee Retirement Income Security Act of 1974 (ERISA), will now require more information to complete from plan sponsors. While …
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ACA ComplianceHealth Insurance Marketplace
It’s A Brand New Day For Marketplace Notices And Appeals
by Robert Sheenby Robert SheenOver the course of the year, many employers participated in a widespread panic over notices mailed to them from the ACA’s Health Insurance Marketplace. These notices summarized that an employee …
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ACA ComplianceAffordable Care ActTax Filings
Don’t Make 2015’s Mistakes In 2016
by Robert Sheenby Robert SheenThe June 30, 2016 deadline for employers to file their applicable 2015 health care tax return with theIRShas passed.For many employers, the damage is done.Skipped deadlines, misclassifications, and ignoring of …
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ACA ComplianceHealth Care Coverage
Employers: Keep Your ACA Compliance, Even In Your Health Plan Language
by Robert Sheenby Robert SheenWhile employers have been urged to maintain ACA compliance when it comes to reporting the health care information of its employees, there’s more to it. The Employee Retirement Income Security …
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ACA ComplianceAffordable Care ActHealth Insurance Marketplace
Study Reveals The Health Insurance Marketplace Doesn’t Have The Highest Premiums
by Robert Sheenby Robert SheenThink the Health Insurance Marketplace has the highest premiums? Think again. A report by the Commonwealth Fund reveals that the ACA’s Health Insurance Marketplace is not the most expensive place …
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ACA AuditACA ComplianceAffordable Care ActIRSPenalties
It’s Deadline Day! File Your ACA Forms or Face A Penalty
by Robert Sheenby Robert SheenWe’ve finally reached this point. Today (June 30) marks that day that all Applicable Large Employers (ALEs) with 50 or more full-time equivalents must electronically file forms 1094-C and 1095-C. …
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ACA ComplianceTIGTA
Is Cybersecurity An Issue When Using The ACV? The TIGTA Weighs In
by Robert Sheenby Robert SheenThe Treasury Inspector General for Tax Administration (TIGTA) released a report highlighting security and testing risks when determining ACA compliance through the IRS’s ACA Compliance Validation System (ACV). Considering the …
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ACA AuditACA CompliancePenalties
To Audit Or Not To Audit: How An ACA Audit Can Save Your Company’s Pockets
by Robert Sheenby Robert SheenIt feels like the year of penalties for employers this tax season, primarily those classified by the ACA for an Applicable Large Employer (50+ full-time equivalents). This is due largely …